This __________ declared that price discrimination is illegal especially when it decreases competition
a. Robinson-Patman Act
b. Sherman Antitrust Act of 1890.
c. Merger Act
d. Federal Trade Commission Act.
a
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Frank Murphy is considering how many snowmobiles to purchase for his snowmobile rental business. Below are his estimates of the number of snowmobile rentals per year, depending on the number of snowmobiles available.Number ofSnowmobilesYearlyrentals1902170324043005350After paying all non-interest expenses, expenses Frank expects to net $10 per rental. Each snowmobile costs $15,000. How many snowmobiles should Frank purchase if the real interest rate is 4.5%?
A. 4. B. 0. C. 2. D. 1.
An open market purchase by the Fed causes the value of the dollar to
A) rise, increasing net exports. B) fall, reducing net exports. C) rise, reducing net exports. D) fall, increasing net exports.
Refer to the above figure. Which of the following points indicates an unobtainable point of production?
A) a B) d C) e D) More information is needed to answer the question.
Knowing the price elasticity of demand is important in business because it allows a manager to determine whether:
A. a price increase will cause total revenue to rise or fall. B. an increase in supply will cause total profit to rise or fall. C. a price increase will cause the quantity demanded to rise or fall. D. a price increase will cause the demand to rise or fall.